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Marks: Mark-to-market accounting is ‘accelerant’ to financial crisis(2)

In a memo to investors, Oaktree head Howard Marks cites runaway leverage and fair value accounting as primary culprits in a ‘broad-gauged and systemic’ crisis.

Marks: Mark-to-market accounting is ‘accelerant’ to financial crisis

In a memo to investors, Oaktree head Howard Marks cites runaway leverage and fair value accounting as primary culprits in a ‘broad-gauged and systemic’ crisis.

ECI agrees first AIM take-private of 2008

The UK mid-market firm secures its third deal since the credit crisis engulfed the buyout industry, taking its deals' total enterprise value to £250 million.

Hands leads the way

Terra Firma’s first Walker-compliant annual review sets out a blueprint for mega-fund disclosure, reporting on all its portfolio companies irrespective of size or location. Guy Hands may conduct more of his business outside the UK as a result of changes to tax.

GE targets $10bn of Japanese RE(2)

General Electric’s real estate investment arm sees continued opportunity in Japan’s property market.

GE targets $10bn of Japanese RE

General Electric’s real estate investment arm sees continued opportunity in Japan’s property market.

Carlyle Group distances itself from beleaguered offshoot(2)

The alternative assets giant has issued a statement downplaying the damage credit-focussed Carlyle Capital Corporation may cause the overall franchise.

Carlyle Group distances itself from beleaguered offshoot

The alternative assets giant has issued a statement downplaying the damage credit-focussed Carlyle Capital Corporation may cause the overall franchise.

Institutional LPs to increase private equity allocations(2)

A report from PricewaterhouseCoopers describes an increased LP appetite for all alternative asset classes, with private equity and real estate leading the charge.

Black: Apollo relishing ‘interesting times’(2)

The founder of Apollo Management has told investors that his firm is well positioned to thrive amid the credit crunch, and that weakened bond prices are not necessarily signs of financial stress among the portfolio companies.